Property Ownership
Under Wisconsin law, the Marketable Title Act (Wis. Stat. § 706.09) helps clear:
AEnvironmental liens from title
BOld claims and defects in title that are more than 30 years old if not properly preserved✓ Correct
CAll title defects automatically after 10 years
DZoning violations from property records
Explanation
Wisconsin's Marketable Title Act extinguishes many old claims and title defects that are more than 30 years old and have not been preserved through proper filing, simplifying title examinations.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
ZoningLocal government regulations that control land use by dividing areas into zones specifying permitted uses, building sizes, and densities.
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
DeedA written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
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